Five new companies are contributing to Iroha, one of several projects attached to the Hyperledger blockchain initiative.

Among the companies joining is Japanese electronics conglomerate Panasonic, marking its first major foray into the blockchain space. Other firms involved include Indetail, Intec, CAC and NTT Data, the last of which is a founding member of Hyperledger.

Unveiled last year, Iroha focuses on the creation of a framework for user-friendly applications for mobile devices. Soramitsu, which initially proposed the Iroha project, said that the firms involved will all put forward development time and resources.

“This means they will work to develop code to create Hyperledger Iroha, contributing it to the open-source community,” the startup said.

The ultimate goal is to develop a robust library of components that can be easily used among others running digital ledgers based on Hyperledger’s technology. Specifically, the team behind Iroha seeks to create reusable components in C++ that can call from other programming languages such as GO.

Along with Iroha, the Hyperledger umbrella includes distributed ledger projects like Sawtooth Lake, Fabric and Cello.

Image Credit: GuoZhongHua / Shutterstock.com 

Disclaimer Read More

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

This article is intended as a news item to inform our readers of various events and developments that affect, or that might in the future affect, the value of the cryptocurrency described above. The information contained herein is not intended to provide, and it does not provide, sufficient information to form the basis for an investment decision, and you should not rely on this information for that purpose. The information presented herein is accurate only as of its date, and it was not prepared by a research analyst or other investment professional. You should seek additional information regarding the merits and risks of investing in any cryptocurrency before deciding to purchase or sell any such instruments.